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Soybeans were lower on fund and technical selling. Domestic crush and export demand continue to be strong, but beans were unable to follow through on the early gains, with spillover from the outside markets and soybean meal. Sustained export demand, including from China, is a question mark due to concerns about the global economy. China is likely out of the market until Thursday due to holiday celebrations. Soybeans are also watching the slower than average U.S.
Written by: Leah Jones